GOLD | Are we witnessing the formation of a new trendline?
Ladies and gentlemen, it might be it. Maybe we're at the beginning of the formation of a new trendline? Many things are affecting Gold right now. In particular, not the most comforting news from the Ukraine-Russia war.
It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up.
By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this?
I open the 9th position, long with 70% probability.
Opening: 2665
TP: 2675
SL: 2510
Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so.
Do NOT use all the capital under any circumstances!
Be careful and let's watch!
It also seems to me that many are now starting to jump into short positions, thinking that there should be a retracement, which on the contrary helps institutional players to fuel the growth up.
By the way, there is also a possibility that everything is the other way around, and the potentially expected growth will lead to a giant fall, but what is the probability of this?
I open the 9th position, long with 70% probability.
Opening: 2665
TP: 2675
SL: 2510
Despite everything global and possible speculations, whatever happens with gold, I think the overall mood is bullish right now and will keep being so.
Do NOT use all the capital under any circumstances!
Be careful and let's watch!
Trade closed: target reached
9th square is now green too. Waited way too long for this, but Win is a Win!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.